By Jo’Donna | The Insured Life When Hurricane Melissa swept through Jamaica, it wasn’t just homes, businesses, and roads that were tested; our nation’s resilience was. The winds were fierce, the floods relentless, and the damage widespread. But amid the chaos, something powerful happened. Jamaica became one of the first Caribbean countries to receive a major insurance payout for itself , a US$150 million catastrophe bond designed to protect the country against natural disasters like hurricanes. That means while we’re rebuilding, funds will flow quickly to restore essential services like healthcare, roads, electricity, and telecommunications. Now, that’s the kind of preparation every Jamaican should have, not just at the national level, but at the personal level. 1. Jamaica Got Catastrophe Insurance - What About You? For over a decade, Jamaica has been strategically layering financial protection to prepare for storms. This includes: A catastrophe bond that triggers payouts afte...
By: Jo’Donna | The Insured Life “You don’t have to be rich to start building wealth.” Read that again. Let it sink in. Wealth isn’t only for CEOs in New Kingston or people living abroad. It’s for teachers, taxi operators, small business owners, young professionals, side hustlers - people like you and me right here in Jamaica. Building wealth isn’t about how much you make. It’s about what you do with what you have. 1. Pay Yourself First Before you pay bills, buy groceries, or send a quick top-up, pay yourself. Even if it’s $1,000, $5,000, or $10,000 per week , put something aside. This is how you start financial independence in Jamaica - by making sure your future gets paid before everybody else. Tip: Open a savings or investment account just for this. Automate it if you can. 2. Get Insured to Avoid Setbacks Life happens - sickness, accidents, emergencies. Without protection, one hospital bill can wipe out your entire savings. That’s why life insurance in Jamaica , health insurance, a...
By: Jo’Donna | The Insured Life Tropical Storm Melissa is approaching Jamaica. Across the island, people are doing the responsible thing - securing their roofs, stocking food and water, trimming trees, checking batteries and flashlights, and listening to updates from the Meteorological Service and ODPEM. Why? Because we understand that if we fail to prepare, we prepare to fail . But here’s the truth: life has storms, too, and most people are not preparing for them. 1. We Prepare for Natural Storms, Why Not for Life? Before a storm hits, Jamaicans take action. We buy food and supplies, reinforce our homes, and listen carefully to professionals. But when it comes to life’s storms, death, critical illness, disability, job loss, or old age, many people prefer to hope for the best instead of preparing for the worst. Yet the consequences of ignoring life’s storms are often far more devastating than a hurricane. 2. Financial Storms Are Real Just like a hurricane can destroy a house, life can...
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